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PMI-002
Certified Associate in Project Management (CAPM) Certification Questions and Answers

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Viewing questions 61-75 out of questions

Questions # 61:

You are the project manager for an organization. You are considering recommending a project that costs $280,000; expected inflows are $10,000 per quarter for the first two years and then $25,000 per quarter thereafter. What is the payback period?

Options:

48 months

40 months

36 months

50 months

Answer

Explanation

Year 1 and 2 inflows are each $40,000 for a total of $80,000. Year 3 inflows are an additional $100,000. Add one more quarter to this total, and the $280,000 will be reached in 4 years, or 48 months?

Questions # 62:

Make payment to seller is done in _________.

Options:

Plan Procurements

Conduct Procurements

Administer Procurements

Close Procurements

Answer

Explanation

C is the correct answer. Make payment to seller is done in Administer Procurements.

Questions # 63:

Which of the following is true regarding NPV?

Options:

NPV assumes reinvestment at the cost of capital.

NPV assumes reinvestment at the prevailing rate.

NPV assumes reinvestment at the NPV rate.

NPV decisions should be made based on the highest value for all the selections.

Answer

Explanation

A is the correct answer. Net present value (NPV) assumes reinvestment is made at the cost of capital.

Questions # 64:

The independence of two events in which the occurrence of one is not related to the occurrence of the other is called ________________.

Options:

Event phenomenon

Independent probability

Statistical independence

Statistical probability

Answer

Questions # 65:

Root Cause Analysis is related to ________.

Options:

Process Analysis

Quality Audits

Performance Measurements

Al1 of the above

Answer

Questions # 66:

A contingency plan is executed when _____________.

Options:

A risks is identified

An identified risk occurs

When a workaround is needed

Al1 of the above

Answer

Questions # 67:

Management reserves are used to handle which type of risk?

Options:

Unknown unknowns

Known unknowns

Business risks

Pure risks

Answer

Questions # 68:

The ability of a product to be used for different purposes at different capacities and under different conditions determines its ____________.

Options:

Usability

Flexibility

Operability

Availability

Answer

Questions # 69:

A histogram ordered by frequency of occurrence that shows how many results were generated by each identified cause is called ______________.

Options:

Statistical Histogram

Juran Histogram

Fishbone Diagram

Pareto Diagram

Answer

Questions # 70:

Which of the following are the outputs of Collect Requirements Process?

Options:

Requirements documentation

Requirements management plan

The requirements tractability matrix

Al1 of the above

Answer

Explanation

The outputs of Collect Requirements Process are: requirements documentation (stakeholder's needs), the requirements management plan (how the requirements will be analyzed and documents), and the requirements traceability matrix (tracking of requirements throughout the project).

Questions # 71:

Which of the following is a method for quantifying qualitative data in order to minimize the effect of personal prejudice on source selection?